OMERS ADMINISTRATION Corp Trims Position in Archer-Daniels-Midland Company (NYSE:ADM)

OMERS ADMINISTRATION Corp lowered its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 18.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,870 shares of the company's stock after selling 9,932 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Archer-Daniels-Midland were worth $2,166,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter worth about $25,000. Raleigh Capital Management Inc. boosted its position in shares of Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after purchasing an additional 357 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Archer-Daniels-Midland in the 4th quarter worth approximately $28,000. Crews Bank & Trust bought a new position in Archer-Daniels-Midland during the 4th quarter valued at approximately $30,000. Finally, CoreFirst Bank & Trust purchased a new position in Archer-Daniels-Midland during the fourth quarter valued at $30,000. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock traded up $1.29 during midday trading on Friday, reaching $50.15. 3,226,971 shares of the company traded hands, compared to its average volume of 3,582,314. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The business has a 50 day moving average of $47.14 and a two-hundred day moving average of $49.31. The firm has a market capitalization of $24.09 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. Archer-Daniels-Midland's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 earnings per share. As a group, research analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.07%. Archer-Daniels-Midland's dividend payout ratio (DPR) is 72.86%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADM. Citigroup reduced their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Bank of America lowered shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Morgan Stanley decreased their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Barclays cut their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. Finally, BMO Capital Markets decreased their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $52.50.

Archer-Daniels-Midland Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.